FMSA head announces four directions of economic reforms

FMSA head announces four directions of economic reforms
# 23 June 2016 09:48 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. “Significant decline in price of energy carriers affected Azerbaijan’s economy. It resulted in increase of pressures on the national currency and devaluation, decline of personal, state and business incomes”, chairman of Board of Directors of the Financial Markets Supervision Authority Rufat Aslanli said at the seventh Azerbaijan International Insurance Forum (AIIF -2016).

 

According to him, today’s reforms target restoration of previous prosperity: “As a whole, the reforms are conducted in four directions: 1) creation of sustainable macroeconomic environment. Central Bank, Finance Ministry and the Financial Markets Supervision Authority have formed a tandem. Today, all manat devaluation, inflation and macroeconomic indicators are in the framework managed by economic means; 2) formation of a business environment for decline of transaction costs of business; 3) access to investment and financial services in order stable macroeconomic situation to provide business activity and prosperity; 4) quick and effective legal reforms”.

 

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